Econ U1 HON -Intro to Economics

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Content
Honors: Chapters 1-3
CP: Chapters 1,14,15

Honors U1 PPT

HON Unit 1 PPT.pptx


Fried Green Cucumbers
Fried Green.docx


Factors of Production Activity
Factors of Production Activity.docx


Adam Smith
HON Adam Smith and the Wealth of Nations.doc


Manifesto Questions
Manifesto Intro Questions.docx
Marx cartoon.PNG

Honors Terms/Concepts

A starting point for your test preparation.

ü Economics

ü Microeconomics

ü Macroeconomics

ü Scarcity

ü Shortage

ü Factors of production

ü Entrepreneur

ü Trade-offs

ü Guns or butter decisions

ü Opportunity cost

ü Thinking at the margin

ü Economic Systems

ü Economic Goals

ü Specialization

ü Communism vs. Capitalism

ü Communism vs. Socialism

ü Private vs. Public Sector

ü Features of Free Enterprise

ü Constitutional Protections

ü Public Goods

ü Externalities

ü Poverty Problem

ü Redistribution Programs